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Originally posted by Hrolf The Ganger
The money was ringfenced for the project was it not? Why would it appear in the accounts? It is not football revenue. You don’t understand the difference between revenue and cash clearly. The money would be in the accounts. Just not in revenue. And it isn’t really there. We have f*** all cash, not insignificant loans form shareholders and third parties and are making losses
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Originally posted by Master Coin
I’m a professional accountant with 15 years experience at one of the largest professional services firms in the world actually. So when I talk about our finances and what we “need” to do I generally know what I’m talking about. Burn
Did you know? 98.0000001% of people are morons. |
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Originally posted by Master Coin
I’m a professional accountant with 15 years experience at one of the largest professional services firms in the world actually. So when I talk about our finances and what we “need” to do I generally know what I’m talking about. With respect, Robbie Savage has been involved in football for 25 years and I wouldn’t trust his opinion of a kickabout in the park.
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Originally posted by Master Coin
You don’t understand the difference between revenue and cash clearly. The money would be in the accounts. Just not in revenue. And it isn’t really there. We have f*** all cash, not insignificant loans form shareholders and third parties and are making losses Had it occurred to you that the money might not in the accounts because it is part of other interests owned by the shareholders.
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Originally posted by SW19 CPFC
Burn We will see, won't we.
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Originally posted by Bekken
The Sun report that we’ve slapped a 70m rating on him whilst Leroy Sane is valued at £50n. As good as AWB is, he’s not £70m and I can see us agreeing to £45-£48m with £5-£7m more should he make an England appearance, play X amount of games for United etc Edited by Bekken (15 Jun 2019 12.10am) It’s not just about the 1 player vs another to assess their worth. You also need to take into about the club, league, position and most important, what that player means to the club. City want to get rid of Sane so the price tag of 50m seems fair. AWB is much more valuable to us (as he is irreplaceable for us) than Sane is at City. Personally, a club like ours cannot turn down 50m (which is a shame) as we all want to see home grown lads turn out for the red and blue. But also, we don’t want to stand in their way. If he does go, I hope we have red circled some replacement (prayer emoji)
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Originally posted by Teddy Eagle
With respect, Robbie Savage has been involved in football for 25 years and I wouldn’t trust his opinion of a kickabout in the park. Which is a fair point. I was just getting angry at certain other comments assuming we have infinite money simply by being in the PL and refusing to acknowledge that we will need to sell from time to time
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Originally posted by Master Coin
Which is a fair point. I was just getting angry at certain other comments assuming we have infinite money simply by being in the PL and refusing to acknowledge that we will need to sell from time to time Master,do you reckon we have any chance of replacing the American owners, assuming they want to selll?
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Originally posted by Master Coin
Which is a fair point. I was just getting angry at certain other comments assuming we have infinite money simply by being in the PL and refusing to acknowledge that we will need to sell from time to time Then you got angry about something that no one said mister accountant. Of course players get sold. It's when they should be sold that is the issue.
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Originally posted by Master Coin
You don’t understand the difference between revenue and cash clearly. The money would be in the accounts. Just not in revenue. And it isn’t really there. We have f*** all cash, not insignificant loans form shareholders and third parties and are making losses How much is the clubs debt?
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Originally posted by Hrolf The Ganger
Then you got angry about something that no one said mister accountant. Of course players get sold. It's when they should be sold that is the issue. At what price do you sell then, and when? And one player is not worth more on the pitch if you can get more players making the team better, and I saw that claim maybe covering Will your answer be affected by the fact we can’t score at home or by a centre forward on our books or by a central midfielder and isn’t Benteke into his last season?
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Originally posted by Teddy Eagle
I agree with Hrolf it’d be a bad decision to lose him too soon for two reasons: it’s a pleasure seeing him play for Palace and selling Kenny Sansom seemed to upset the team at the time. Not to compare them but good full backs aren’t easily replaced. Full backs are much much much easier to replace than strikers or attacking central midfielders which is an obvious problem area for us.
COYP |
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Originally posted by Rudi Hedman
Full backs are much much much easier to replace than strikers or attacking central midfielders which is an obvious problem area for us. Yes they are but there’s something in the way he plays that suits the side. Maybe I’m trying to justify not letting him go and am not facing the pragmatic reality. Wouldn’t be the first time.
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Originally posted by lefty27
How much is the clubs debt? We made a loss of £33,340,000 last year (2018 accounts) We have about £17m cash in bank and £10m owed to us in debtors. We have creditors of £134m including an advance of £29m from future premier league money Our biggest problem is when a club buys a player the cost is amortised over the length of the players contract, so a £40m player on 4 year contract means we pay £10m a year for next 4 years on accounts. When we sell a player the full amount is recognised in the accounts the year of the sale. So when we sold Bolasie, Gayle, Jedi etc we brought in £45 and bought £92m of players but due to amortisation, we showed an EBITDA of £11m in 2017. Without selling players every now and then we will not post any profits at all and will rely on being bank rolled by owners/loans. *I will caveat this with I am not an accountant, I merely have a very basic understanding of accounts and the above could be wrong. Happy to be corrected on any of it.
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Dom Fifield has written this today. Dom's a Palace fan and normally fairly reliable.
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